Market's view on Vodafone
Published on April 2024
- Stock watchers are discussing the daily downward movement in the stock prices during the afternoon.
- Opinions vary between Vodafone and ITV, with some seeing ITV as potentially offering better returns.
- A share buyback is anticipated in May, influencing some watchers to consider Vodafone a better investment option.
- Frequent fluctuations in the stock price are noted, with expectations of improved profit, cash generation, and debt management.
- There is a belief in a significant price rise soon, suggesting a target price of £1 by the year’s end.
- Positive outlooks are supported by anticipated funds from Spanish and Italian operations and a possible merger with 3.
- Stock watchers are optimistic, expecting the stock price to surpass 71p soon, setting the stage for further gains.
- The commencement of stock buybacks is anticipated to positively affect the stock price, with expectations set for May.
- There is a general consensus that the stock price is on an upward trend, with no signs of decreasing.
- Interest rates in Europe and the UK are expected to decrease, which might influence the stock’s performance.